Question

The cost of goods sold for the month of June, $2015$ is

• A. $Rs.15,20,000$
• B. $Rs.14,02,500$
• C. $Rs.12,75,000$
• D. $Rs.13,60,000$

Answer 1

The correct option is D $Rs.13,60,000$

Selling price is $125$% of the purchase price. This means if a sale is $125$ then cost is $100$.
Total sales for the June $2015=15,00,000+2,00,000=17,00,000$
Cost of goods sold $=17,00,000\times 100/125=13,60,000$.
Opening stock $+Purchases-Closingstock=$ Cost of goods sold
$4,08,000+x-4,34,400=13,60,000$
$x=Purchases=13,86,400$.